khaled1
عضو نشط
- التسجيل
- 20 أبريل 2009
- المشاركات
- 276
التمويل يخسر ملايين الدولارت ياعالم في نيوزيلاند من استثمارات ضائعة
حسبنا الله ونعم الوكيل فيكم
An Islamic bank has been burned by tens of millions of dollars from its investment in one of New Zealand's most iconic brands.
It has been revealed the Bahrain-based Kuwait Finance House was owed more than $54 million when it decided to pull the plug on Canterbury Clothing's European operations earlier this year.
According to a report by KPMG, the bank called in the receivers in August as a result of "significant losses" by Canterbury in Europe, and after months of "extensively marketing" the business for sale.
The brand was sold to giant British retail chain JD Sports shortly afterwards for $16.2 million.
The KPMG report estimates Canterbury's New Zealand holding company owed more than $100 million to creditors at the time of the receivership, including $54 million to the Kuwait Finance House, and $3.6 million to a New Zealand-born academic who lives in the United States, David Teece.
The other $43 million was owed to a creditor identified only as "Bridge SPC Ltd".
وهذا رابط الخبر
http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10604858
حسبنا الله ونعم الوكيل فيكم
An Islamic bank has been burned by tens of millions of dollars from its investment in one of New Zealand's most iconic brands.
It has been revealed the Bahrain-based Kuwait Finance House was owed more than $54 million when it decided to pull the plug on Canterbury Clothing's European operations earlier this year.
According to a report by KPMG, the bank called in the receivers in August as a result of "significant losses" by Canterbury in Europe, and after months of "extensively marketing" the business for sale.
The brand was sold to giant British retail chain JD Sports shortly afterwards for $16.2 million.
The KPMG report estimates Canterbury's New Zealand holding company owed more than $100 million to creditors at the time of the receivership, including $54 million to the Kuwait Finance House, and $3.6 million to a New Zealand-born academic who lives in the United States, David Teece.
The other $43 million was owed to a creditor identified only as "Bridge SPC Ltd".
وهذا رابط الخبر
http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10604858
